Charleston Ocean Racing Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 389,276 | 388,663 | 613 | 1.4 | 9% |
| 2013 | 446,992 | 365,794 | 81,198 | 4.1 | 0% |
| 2014 | 411,506 | 340,737 | 70,769 | 6.9 | 0% |
| 2015 | 496,009 | 485,604 | 10,405 | 5.1 | 0% |
| 2016 | 460,206 | 396,942 | 63,264 | 8.1 | 0% |
| 2017 | 434,646 | 357,833 | 76,813 | 11.6 | 0% |
| 2018 | 512,252 | 441,113 | 71,139 | 11.3 | 0% |
| 2019 | 506,724 | 447,479 | 59,245 | 12.8 | 0% |
| 2020 | 67,476 | 149,746 | −82,270 | 31.5 | — |
| 2021 | 258,349 | 241,719 | 16,630 | 20.3 | 0% |
| 2022 | 315,240 | 316,611 | −1,371 | 15.4 | 0% |
| 2023 | 102,237 | 166,184 | −63,947 | 24.8 | 0% |
In its most recent public year (2023), this organization spent $63,947 more than it brought in. Its reserves stood at about 24.8 months of spending, up from 1.4 in 2012. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Charleston Ocean Racing Association Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works